More detail on club accounts as owners will ‘continue to offer minority equity positions to strategic partners’

Wrexham AFC’s accounts have been published on Companies House, offering more insight to yesterday’s club statement.

As noted in yesterday’s article, the fuller Companies House information appeared imminent – and landed online after publication.

The strategic report preamble is very much the overview statement issued yesterday by the club that noted the growth of turnover to £10.4m , with a loss of £5.1m.

Matchday admission revenue is up to £2.8m from £2.4m , however matchday commercial revenue appears level-ish now £284k up from £254k.

Retail is where the largest increases have taken place, now standing at £3.4m up from £1.3m.

Sponsorship has increased £800k to £1.8m.

The detailed accounts give a break down between UK, Europe and Rest of World turnover. UK based revenue still leads the way at £7.8m however ROW is now £2.5m up from £650k.

Overall turnover and all other revenue is now £10.4m up from £5.9m.

Wrexham AFC employs 200 people, with a wage bill going from £4m to nearly £7m.

Interest payable on ‘other’ finance costs has risen from £43k to £414k.

Aggregate compensation to ‘key management personnel’ is up from £497k to £773k.

It is also revealed that in June last year Rob and Ryan granted a licence to Wrexham AFC to ‘use their image and other personal characteristics to support the clubs commercial activities’.

A reverse agreement was also put in place to allow the RR McReynolds Company LLC to use the club’s intellectual property.

The accounts also confirms a likely minority shareholder, with it explained “100% of the share capital in Wrexham AFC Limited is held by Wrexham Holdings LLC”.

95% of Wrexham Holdings LLC is owned by the RR McReynolds Company LLC (owned by Rob and Ryan).

No explanation on who holds all or some of the remaining 5% but it does note, “The Shareholders will continue to offer minority equity positions to strategic partners who have unique capabilities to help drive progress both on and off the pitch”.

Looking forward, if we gain promotion in the coming weeks it could trigger £207k of extra costs to other clubs as part of transfer arrangements.

On top of that £500k of bonuses could be paid out as part of that success to players.